OCTB vs. NSEP
OCTB (Aptus October Buffer ETF) and NSEP (Innovator Growth-100 Power Buffer ETF - September) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. OCTB charges 0.25%/yr vs 0.79%/yr for NSEP.
Performance
OCTB vs. NSEP - Performance Comparison
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Returns By Period
In the year-to-date period, OCTB achieves a 5.52% return, which is significantly lower than NSEP's 6.19% return.
OCTB
- 1D
- -0.56%
- 1M
- 0.00%
- YTD
- 5.52%
- 6M
- 5.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NSEP
- 1D
- -0.56%
- 1M
- 0.10%
- YTD
- 6.19%
- 6M
- 5.83%
- 1Y
- 15.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OCTB vs. NSEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OCTB Aptus October Buffer ETF | 5.52% | 2.37% |
NSEP Innovator Growth-100 Power Buffer ETF - September | 6.19% | 2.03% |
Correlation
The correlation between OCTB and NSEP is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.91 |
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Return for Risk
OCTB vs. NSEP — Risk / Return Rank
OCTB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NSEP
OCTB vs. NSEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus October Buffer ETF (OCTB) and Innovator Growth-100 Power Buffer ETF - September (NSEP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OCTB | NSEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.47 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.34 | — |
| Martin ratioReturn relative to average drawdown | — | 16.05 | — |
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Drawdowns
OCTB vs. NSEP - Drawdown Comparison
The maximum OCTB drawdown since its inception was -4.79%, smaller than the maximum NSEP drawdown of -12.31%. Use the drawdown chart below to compare losses from any high point for OCTB and NSEP.
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Drawdown Indicators
| OCTB | NSEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.79% | -12.31% | +7.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.66% | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.58% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -1.08% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.97% | — |
Volatility
OCTB vs. NSEP - Volatility Comparison
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Volatility by Period
| OCTB | NSEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.26% | 6.74% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 10.39% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 10.39% | -3.13% |
OCTB vs. NSEP - Expense Ratio Comparison
OCTB has a 0.25% expense ratio, which is lower than NSEP's 0.79% expense ratio.
Dividends
OCTB vs. NSEP - Dividend Comparison
Neither OCTB nor NSEP has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, OCTB and NSEP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, OCTB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OCTB is cheaper with a 0.25% expense ratio, compared with 0.79% for NSEP.
OCTB and NSEP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Aptus Capital Advisors and Innovator. Their fees differ too: 0.25% for OCTB and 0.79% for NSEP.
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